Everything You Should Know Before Moving to Lake Monroe, FL
Thinking of moving to Lake Monroe, FL? This quiet lakeside community of about 1,200 residents offers affordable living, with median home prices around $342,000 and average rents near $1,470. Enjoy warm, sunny weather most of the year and a relaxed lifestyle, all within easy reach of Sanford and Orlando. Crime rates are moderate, commute times average 29 minutes, and families have access to solid local schools and healthcare options. Explore below to see if Lake Monroe’s balance of small-town charm and lakeside living is right for you.
Demographics - Lake Monroe, FL
Demographics - Lake Monroe, FL
Lake Monroe is a small lakeside community of about 1,200 residents, with a median age of 46.3 years and a balanced gender ratio. The population is predominantly White, with notable Black and Hispanic communities, and around 15% of residents speak a language other than English at home. This diverse but close-knit environment offers a welcoming atmosphere for newcomers.
Population:
1,200
Density:
560 per sq mi
Median Age:
46.3
Gender Ratio:
97 males per 100 females
Non-English Speakers Percentage:
14.5%
Ethnic Composition
White:
73.2%
Black:
16.8%
Asian:
2.1%
Others:
7.9%
Cost Of Living
What is the average cost of living in Lake Monroe, FL?
Living in Lake Monroe is moderately affordable, with median home values at $342,000 and average rents near $1,470 per month. The overall cost of living index sits just above the national average, partly due to slightly higher housing and utility costs, though Florida’s lack of state income tax helps residents save. Everyday expenses such as groceries and healthcare remain on par with national norms.
Median House Value:
$342,000
Gross Rent:
$1,470
Monthly Electricity Charges:
$135
Auto Insurance:
$2,080
House Owner Cost With Mortgage:
$1,620
House Owner Cost Without Mortgage:
$540
State Taxes:
Low:
0%
|
High:
0%
Cost Of Living Index:
102.4
Grocery:
98.1
Housing:
104.6
Utilities:
106.7
Transportation:
101.2
Health Care:
99.8
Miscellaneous:
97.5
Crime
Is Lake Monroe, FL a safe place to live?
Lake Monroe experiences moderate crime rates, with a violent crime rate of 282 incidents per 100,000 people and a property crime rate of 2,080 per 100,000. Residents have about a 1 in 355 chance of being affected by violent crime and a 1 in 48 chance for property crime, reflecting a level of safety similar to many small Florida towns. Staying aware and taking basic precautions helps maintain the community's welcoming feel.
Violent Crimes Per 100k:
282
Property Crimes Per 100k:
2,080
Crime Index:
2,362
Chance Of Violent Crime:
1 in 355
Chance Of Property Crime:
1 in 48
Weather
What is the weather like in Lake Monroe, FL year-round?
Lake Monroe enjoys a warm, subtropical climate with mild winters averaging highs around 71°F and hot summers reaching up to 92°F. With over 67% of days being sunny and an average annual rainfall of 52 inches, residents can take advantage of outdoor activities nearly year-round. Seasonal changes bring comfortable springs and falls, making the area ideal for those who love sunshine and mild weather.
Winter
Min:
48°F
Max:
71°F
Spring
Min:
59°F
Max:
83°F
Summer
Min:
72°F
Max:
92°F
Fall
Min:
62°F
Max:
84°F
Average Rainfall Inches:
52.3 inches
Sunny Days Percentage:
67%
Neighbors
The community features a median household income of $56,400 and a poverty rate of 13.5%, reflecting a mix of working families and retirees. Most residents commute about 29 minutes to work, with public transport usage low and most people relying on personal vehicles. The area is well-educated, with nearly 90% holding a high school diploma or higher, and over one-fifth having a bachelor’s degree or more.
Median Income:
$36,200
Household Income:
$56,400
Family Income:
$66,800
Per Capita Income:
$29,100
Income Male:
$38,000
Income Female:
$32,000
Poverty Rate:
13.5%
Non English Speakers:
14.5%
Rent:
$1,470
Unemployment Rate:
3.7%
Public Transport Usage:
0.9%
Commute Time:
29.3 minutes
Education
High School or Higher:
89.1%
Bachelors or More:
22.3%
Education
How are the schools in Lake Monroe, FL?
Families in Lake Monroe have access to well-rated public schools such as Midway Elementary and Sanford Middle School, both offering manageable class sizes. Private options like Riverwalk Academy add to the educational choices, and higher education is easily accessible with Seminole State College just four miles away. The University of Central Florida in Orlando is also within commuting distance, supporting a range of academic and career opportunities.
Public Schools
Name:
Midway Elementary School
Street:
2368 Brisson Ave, Sanford, FL 32771
Phone:
407-320-5950
Students:
590
Student Teacher Ratio:
14.9
Name:
Sanford Middle School
Street:
1700 S French Ave, Sanford, FL 32771
Phone:
407-320-6150
Students:
1,180
Student Teacher Ratio:
18.4
Private Schools
Name:
Riverwalk Academy
Street:
600 E 1st St, Sanford, FL 32771
Phone:
407-321-4276
Students:
225
Colleges
Name:
Seminole State College of Florida
City:
Sanford
State:
FL
Distance:
4 miles
Students:
29,000
Name:
University of Central Florida
City:
Orlando
State:
FL
Distance:
28 miles
Students:
68,000
Healthcare
Residents have convenient access to healthcare, including Central Florida Regional Hospital nearby, and enjoy a high health insurance coverage rate of 90%. The area has 2.3 physicians per 1,000 people, supporting good access to medical care for most families. Overall, healthcare services are reliable and comprehensive for a town of this size.
Major Hospitals
Name:
Central Florida Regional Hospital
Address:
1401 W Seminole Blvd, Sanford, FL 32771
Phone:
(407) 321-4500
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
2.3
Health Insurance Coverage:
90.1%
Health Care Index:
67.2
Housing Market
What is the housing market like in Lake Monroe, FL?
Lake Monroe’s housing market is stable, with a median home price of $342,000 and owner-occupancy rates above 65%. Rent for a typical two-bedroom apartment averages $1,470, and the area has seen home values appreciate by about 4.4% over the past year. Low foreclosure and moderate vacancy rates point to a healthy real estate environment for both buyers and renters.
Median Home Price:
$342,000
Average Rent For 2 Bedroom:
$1,470
Owner Occupied Rate:
65.7%
Rental Vacancy Rate:
7.2%
Home Appreciation Rate (1yr):
4.4%
New Construction Rate:
2.1%
Foreclosure Rate:
0.7%
DMV Information
Vehicle registration and driver services for Lake Monroe residents are handled by the Florida Department of Highway Safety and Motor Vehicles, with a conveniently located office in nearby Sanford. The DMV offers a full range of services, from licensing to titling, and more information can be found on their official website. Residents benefit from efficient access to essential transportation documentation.
State:
Florida
Department:
Florida Department of Highway Safety and Motor Vehicles
Address:
1505 E. Airport Blvd, Sanford, FL 32773
Phone:
850-617-2000
Website:
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.